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Pam and Russ Martens: 3 Fed bailout programs for Wall Street vanish from monthly reports to Congress
By Pam and Russ Martens
Wall Street on Parade
Monday, August 23, 2021
Federal Reserve Chairman Jerome Powell and Fed Vice Chairman for Supervision Randal Quarles would desperately like to make three of the Fed's emergency bailout programs to Wall Street disappear from further scrutiny by Congress or the American people.
That's because the specific details of those programs do not comport with the testimony Powell and Quarles have provided at congressional hearings throughout the pandemic. Both Powell and Quarles have told Congress that the mega-banks were a source of strength during the pandemic.
... Dispatch continues below ...
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Awakening a Sleeping Giant in Ghana: Asante Gold Acquires Past-Producing Bibiani Mine
From Golden Opportunities / Gold Newsletter
Metairie, Louisiana
Tuesday, August 17, 2021
Asante Gold (ASE.CN; ASGOF.OTC) has just acquired a past-producing gold mine in Ghana that boasts near-term production potential and huge upside.
With the move, Executive Director Malik Easah is seeking to repeat his success with Cardinal Resources, another gold company with a Ghana project that he recently sold for A$600 million.
It’s a deal that came like a bolt from the blue.
Just a few weeks ago Asante Gold catapulted itself from a relatively sleepy gold story into a major development-stage company set to breathe new life into Ghana's huge, past-producing Bibiani mine. ...
... For the remainder of the report:
https://goldnewsletter.com/go081721/
The three emergency lending programs that the Fed would like to make vanish are the Primary Dealer Credit Facility (PDCF); the Commercial Paper Funding Facility (CPFF); and the Money Market Mutual Fund Liquidity Facility (MMLF).
These are not only the most opaque of the Fed's "official" bailout programs but they are also the first three emergency lending programs that the Fed stood up in 2020. The PDCF and CPFF were announced on March 17, 2020, by the Fed. The MMLF was announced the next day.
For each of the other Fed emergency lending programs, those created under Section 13(3) of the Federal Reserve Act, the Fed has reported the transaction details, including the names of the recipients and dollar amounts received. But the Fed has withheld that information from Congress for these three programs -- despite promising complete transparency.
Now, it seems, the Fed wants to make these programs disappear altogether. ...
... For the remainder of the report:
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New Orleans Investment Conference
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Toast to a free gold market
with great GATA-label wine
Wine carrying the label of the Gold Anti-Trust Action Committee, cases of which were awarded to three lucky donors in GATA's recent fundraising campaign, are now available for purchase by the case from Fay J Winery LLC in Texarkana, Texas. Each case has 12 bottles and the cost is $240, which includes shipping via Federal Express.
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http://www.gata.org/files/GATA-4-wine-bottles.jpg
Buyers can compose their case by choosing as many as four varietals from the list here:
http://www.gata.org/files/FayJWineryVarietals.jpg
GATA will receive a commission on each case of GATA-label wine sold. So if you like wine and buy it anyway, why not buy it in a way that supports our work to achieve free and transparent markets in the monetary metals?
To order a case of GATA-label wine, please e-mail Fay J Winery at bagman1236@aol.com.
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Support GATA by purchasing
Stuart Englert's "Rigged"
"Rigged" is a concise explanation of government's currency market rigging policy and extensively credits GATA's work exposing it. Ten percent of sales proceeds are contributed to GATA. Buy a copy for $14.99 through Amazon --
-- or for an additional $3 and a penny buy an autographed copy from Englert himself by contacting him at srenglert@comcast.net.
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